First of all, other than to watch for Maliki's departure from Iraq, which has ALWAYS been the assumed "bell-weather" of the RV, why do we care what's going on in Iraq??? This country has always been the scene of incredible religious in-fighting, and the region as a whole is the same.

NOTHING is going to hurry this CE up, nor is anything going to delay it. It will happen when it's supposed to happen, and that's SOON, IMO.

The IMF has NEEDED the IQD to be asset-backed and everyone has been scurrying around to make this so for the past couple of years. Other than that (which has proven to be MORE than enough), the entire Middle East will almost surely always be a region of discord and in-fighting. Why would we ever think otherwise? ...Read More Link On Right

Now that the REAL "PTB" have taken this transfer of wealth over from the elitists, no issue will stop it. This is going to happen, folks, and we had better be ready. I personally would love the posts through Recaps and any and all sites to center on post-RV ideas, legalities, help with the security we all will most certainly need, and anything anyone can think of that would be of help to us, as we are entering a new stage of our lives.

And this stage is, for most of us, one that we have never before experienced. I have some ideas for what I think I want to do with my windfall, but I'm always open to new and fresh ideas about the same. So what say you, dinarians?? Is there anyone out there besides me that would enjoy fresh eyes on the financial end of this for you?

I KNOW that everyone should get professional legal advice, but with legalities changing in who knows how many ways, it's gonna be hard for these attorneys to give relevant advice until they get comfortable with the changes the'll have to deal with..

I'm simply suggesting that those of us who are in the know and have ideas, financial or otherwise, step up and share................ In the meantime, blessings to all, and be kind to one another..........

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Abel

1/21/2013 05:06:26 am

A spiritual apocalypse, worldwide emancipation, the meaning of life!

Beth

1/21/2013 05:09:17 am

GREAT IDEA! a group of us have spoken with a tax lawyer, will be setting a new will together, living will, and have put together our donation list, which is the #1 FIRST thing for all of us to do! Our FIRST TENTH goes back to GOD, Who has made all this possible. Praise HIS holy name! By the way, what does IMO and all the other abbrev mean!? We are looking for safe strategies that others are using when it comes to time to actually transfer from "d" to $ -- thoughts about other currencies? We're listening. Thank you

catone

1/21/2013 08:40:47 am

Beth --

BTW= By the way
FYI= for your information
IMO = in my opinion
JMHO=just my honest opinion, the "H" can be used with IMO
NID=New Iraqi Dinar (same as below, and what we all hold)
PTB= powers that be
ASN=any second now - can be minute/hour also
IQD=Iraqi Dinar (same as NID)

Can't think of any more that wouldn't be commonly used by anyone using the 'net, but if there are any, reply to this, & I'll translate for you

So glad you like the idea - and my first 10% goes to God, too, probably in the form of donations to Wounded Warrior Program and a couple of other "vet" organizations, like that Seals........without all of them, we sure wouldn't be sitting on all this....... and btw -- I'm a "she"

g8way2k

1/21/2013 05:15:10 am

I think there are other areas of Recaps devoted to education, but I tend to go directly to the blog all the time. But Catone, wow... I wholeheartedly agree with you. Seeing post rv individual plans and financial plans in the blog would certainly be a breath of fresh air over the endless redundancy we see now. What do ya say Recaps, can we get that done? Catone, I've got .98 cents to add to your .02 to make a buck. Something we're all trying to do! Thanks for that post....sincerely.

Wayne

1/21/2013 05:21:17 am

FINALLY, someone who deals with the truth, and reality, .......Watching anything "in that area" of the world, is a waste of time and energy, ..I believe this posts should center us ..and focus our thoughts about, "Preparation", safety, how to diversify, and protect, helping others in need , and we all know those folks are out there...God Bless each and every Dinarian, and may we "in the Lord's name",.. PAY it forward......

Great post. post RV should be the focus of conversation. All should understand the information given is a general idea or a question we might want to ask our legal council, cpa or tax attorney. good luck to all and be safe.

Beezer's Mom

1/21/2013 06:33:53 am

Indeed a great post, Catone. Thank you.

And thanks to Buzzurd for reminding us all that only general legal information (not considered advice and no to be confused with legal advice at all) can be posted here on blogs, as attorneys are prohibited from giving open advice to unknown recipients. But we CAN share general information which YOU can THEN take to YOUR OWN attorneys for clarification, or to see if the information is relevant to YOUR situation. At the very least, information shared here can serve as a STARTING POINT for your discussions with your own attorneys, and hopefully save you some (expensive) time.

Where to begin. Let's start with Gold. Please remember that all metal prices are fixed. i.e. manipulated.If I were to buy gold I would only buy a 1933 or older U.S. gold coin they are immune from U.S. government seizure. Even in Obama's health care program it states that the U.S. can call in gold bullion and gold bullion gold coins. A better investment would be the purchase of 1964 and older U.S. silver coin. Think of a dime, quarter, half dollar and silver dollar. These coins are 90% pure silver. They are readily known and can
easily be sold or bartered. These are available at any coin shop and are called, "Junk Silver" and are sold in bags of $100,00. $500.00
face amounts. Price is actually based on the weight of the silver content. A very interesting fact is currently Platinum is selling for
less then the price of gold. Platinum costs$1,000.00 more to refine
this is due to the fact that you have to raise it's refining temperature 1,000 degrees higher then the refining of gold Platinum should be selling at a price of $1,000.00 higher then gold.
So bottom line invest in older U.S. silver coins. Best value and
readily trade-able..

The very very first thing one must do is get professional advise. This is before you tithe, help anyone in need, or otherwise do good. The second thing is to set aside at least 40% of the gross for taxes. Maybe this is not taxable and but maybe it is. You cannot afford to assume here, even if your tax advisor expresses his opinion that you are in the clear. The Feds and the State will not pass up such easy pickings, IMHO, even if they have to enact legislation retroactively.

TXGrammy

1/21/2013 05:56:04 am

When the CE happens, we will all need guidance cause most of us will be in a new financial relm that I feel will look like a wagon wheel....with us thinking which way should we go. I know we have been provided with a secruity check list, but speaking for myself, I would appreciate continued guidance (or suggestion knowing final decision is ours) on this site. Frankly I've been coming here everyday for over a year, I think it would be odd for the CE to happen then nothing.

Wallynick

1/21/2013 06:44:49 am

Since you mention that this will be new to even the professionals out there...I would suggest not cashing in all dinar right away. Take out enough to pay off debts and some more to live on for about 3 months. Then do the research to find out who can advise you best ie tax attorney, cpa, estate planning attorney, etc. etc.

wo23dodge

1/21/2013 07:36:07 am

"If" this ever happens I will go track down Willy Theisen and ask if he will give me names and numbers of guys who can protect and increase my new found wealth,no way would I ever trust "some guy" on the internet with these matters.

moneygirl123

1/21/2013 07:48:09 am

Now this is something to focus our thoughts on. How can anything move forward if we stay stuck on dwelling on what has not happened yet. We all believe in this or we would not be here. It's obvious there is some alignment which has to happen to push this out. So relax, lets focus as tho it has already happened and by collective conscience we can create our reality.

I have a couple questions: A) we've seen that the new amount you can give someone is $14k before it's taxed...is that for family only or can you do that with friends? B) I've thought of that this event will be similar to winning the lottery...so like the lottery, can we put a chunk of change into a 20 or 30 yr annuity prior to taxes being taken out and only pay tax on the incremental payments you receive each year?

catone

1/22/2013 01:01:07 am

Mark -
You can gift a maximum in the calendar year to ANYONE in any amount up to $14k. It doesn't matter if they're family or not. This is a tax-free event for the recipient as of this time. As I mentioned in my above post, there could be new laws and tax regulations that may affect this. And because of this last sentence, I can't answer your second question, but as of now I see nothing wrong with what your question is about.........as always contact a tax professional with this and any and all other concerns you may have.
C. ( btw -- I'm a "she")

narroway1

1/21/2013 11:18:51 am

Catone-

Even this issue of post RV is premature. Why? Because until the dust settles on what will be and what won't be, in terms of taxes, everything is on hold.

For instance, if income tax is to be a thing of the past, then the use of tax attorney's is a mute issue. What will tax attorney's do? They will have to go into asset protection.

Right now asset protection has not evolved to the place where it needs to be. Real asset protection has to be indemnified in some way. In other words, insured assets. Until Asset protection attorney's offer a complete package where by assets are insured against theft, that is the only way you can trust attorneys.

There must be a policy whereby asset protection attorneys offer not only insurance against theft but also offer security as well as asset recovery under the insurance policy. In other words, they direct asset deposits with banks and other depositories that are insurable. Plus, they also offer their legal services under the policy for the recovery of stolen assets.

They would be paid a predetermined industry standard annual premium for the policy, which is how they would be compensated under the policy. This would also help to prevent them misguiding your assets into dangerous banks and facilities.

This is just a very light rendition. As and when investment opportunities are included, they would need to be held accountable under the insurance policy.

In turn, these asset protection attorney's would not be allowed to have any connection or investment with the insurance industry underwriting the policy. This would need to be policed very carefully in order not to become corrupted.

The basic principal being that the asset protection attorneys become liable and bonded for their actions and responsibilities. Their fee structures tied into industry standard premiums based on a fractional percentage of the value of assets being protected... something considerably less than the earning power of the assets themselves.

catone

1/22/2013 12:52:04 am

Narroway -

Hi again, and hope you're doing well. I can see your typing is OK, so I would imagine the whole of you is OK......

I didn't mean to stir up a hornets' nest when I made this suggestion thru Recaps. I simply feel that there are other, more relevant things for posters to bring to the site that the same old song & dance regarding the politico of Iraq.

And yes, this suggestion may be somewhat premature, but I do feel (as do many who've commented above you) that we've hashed and re-hashed Maliki, et al, ad nauseum, lol......... It may be of more value to the majority of us to bat different ideas, and PROjections back & forth. I, personally, would most certainly enjoy it more.

Anyway, I didn't mean to be contentious in any way, just asked what others would enjoy and if the idea had any merit to them. It appears you would not be interested, but there are many who commented on this who would be.

Soo - I'd respectfully suggest that if you are not interested in this new (?) idea for posters that you simply not read it. For the others, however, I say, bring it on!!!!! And -- btw -- I'm a "she"
C.

narroway1

1/22/2013 02:15:54 am

Hi Catone-

You didn't start upo a hornets nest. I was not being negative on the subject, as you seem to suggest. I just made a short preamble observation that it may be premature because we don't have all the post announcement details of what will be.

At the same time I gave my thoughts on the matter, just the same, because I have considered the implications myself.

My point was this. Once the people find out how ripped off they have been under the old system by the old powers that be... there will be a huge loss of confidence. Banks may not be assumed to be a safe place to maintain deposits.

Something will have to happen in order to help remove the loss of confidence in the surviving system of banks. One thing would be the indemnification of assets by those offering asset protection.

Asset protection would be a whole new industry spawned from the fallout of life after the lie... when truth comes out. Since both tax accountants and tax attorneys will need to reinvent themselves, they will offer asset protection to fill the void of confidence lossed in the fallout.

Even the banks themselves will be forced to offer something more than just and FDIC type of insurance against bank failure. They will need to offer indemnification as well. It may be that they will spear head this aspect and offer fraud insurance for all deposits without limit.

Post debt based fractional credit system, the new emphasis will be on the replacement asset based system and the protection of the same. Banks will offer protection to help cover old sins and this is also how they will also make some of their money in the new world of finance.

If we can get our head around this aspect then all other post RV discussion can become much more meaningful.

Just like you said... "re-hashed Maliki, et al, ad nauseum, lol.........", not taking into consideration the new reality post RV, will produce the same ad nauseum. At least for me it will.

For the unbeliever it may not. Which is probably why they stick around the same old Iraqi/Maliki dog bowl looking for some crumbs of food for thought to digest. Which is to say that they do not want to digest the thought of having to not trust in the current system... no matter how bad things may appear.

I can kind of understand this since I have had two years to digest the reality of why we are where we are today... in light of the truth. However, the difference is this... I was looking for the truth and most of these folks are not.

All they want is the beef and don't upset their applecart of latent trust in the status quo.... yuckk!... as that will not resolve how we got to where we are. All the money in the world is of little vaue if we don't have the justice to go along with it. Why? Because without justtice the old powers that be will figure out a way to take it all from us with their fraud and taxes. Nuff said...

catone

1/22/2013 02:37:21 am

Narroway --

I didn't think you were being negative at all. What I would like to see is exactly what you just wrote to me. And other posts like it. The dinarians that don't pay attention to the "aftermath" will indeed be victims, yet again.

And the more it's talked about, the more even "stone-heads" will begin to understand that the world of banking and finance HAS changed, so their choices need to be even more thoughtful. I just kinda think that at this point, we need as many ideas as folks would share.

Oh -- and btw -- I'm a "she"
c.

narroway1

1/22/2013 03:37:31 am

I understand and agree with you.

Yes, I knew you were a 'she' from your earlier comments under "P's" post comments from two weeks ago. That is why I responded with reference to "CatOne"... rather than catone.